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20130120
20130120
Search Results 0 to 16 of about 17 (some duplicates have been removed)
strategy which is basically to punt on the debt ceiling. not make the fight about the debt ceiling, pass the three-month extension into april and, instead, make their stand either on march 1, when the automatic sequestration, $100 billion in spending cuts takes effect or march 27 when the government runs out of money. good idea? >> i think so, i think the debt ceiling struggle is probably a loser. the public has been convinced i think to some extent by what amounts to false information, that flows out of the white house and other quarters and throughout too much of the media, that the failure to raise the debt limit would mean an automatic default on international debt which is not true, but, nonetheless, scary. and, i think they didn't want to face that. they didn't do well the last time and have chosen a strategy to use this to get the senate, indirectly to pass a budget, which would be kind of historic, sips it has not happened in several years. and would at least shift the focus away from themselves and as for fighting on the continuing resolution to keep the government only or the s
in raising the debt ceiling. >> would you support a short-term measure to force you to pass a budget? >> i think it should be longer because we don't want to play fiscal cliff every three months. but it's a positive step. >> you never get a clean debt ceiling raise. >> yes, you should. >> that's not a question of whether you should. but historically it's not been the case. >> mitch mcconnell proposed it two years ago and we passed it. but let me say this on the budget. we democrats have always intended to do a budget this year. for two reasons. first, it is not true that we haven't had budget control in effect over the last several years. the budget control act of 2011 put rigid spending cuts that are in effect -- that were in effect last year. we cut $1 trillion. we didn't like it. it was much more of a republican type proposal than ours. in effect, it expires this year. so we need a budget. but second, it's going to be a great opportunity for us. because in our budget that we will pass, we will lift tax reform, which many of my republican colleagues liked, but it will include revenues. i
include a provision in the debt ceiling legislation saying that lawmakers will not be paid if they do not pass a budget blueprint. was it right to step back from challenging the president over raising the debt ceiling? >> well, i think the house proposal is a step in the right direction. no doubt the senate hasn't done it's job. it's been nearly four years since it's passed a budget. but it doesn't go nearly far enough. we have a crisis. i just got back last week from afghanistan. and i had multiple servicemen and women clasp me on the arm and say, please do something about the debt and deficit. we're bankrupting the country. that's what the american people are looking for. and to date, politicians have both parties have been unwilling to take even a tiny step in the right direction. we've got to fix the problem. >> the senate has to pass a budget. do you believe that? >> i do. >> why has it been four years since you've done that? >> well, let me answer this. this was a major victory for the president. the republicans have now twice lost out on fiscal issues in the last month. first f
who have a debt ceiling. people got rid of it, because what jonas is saying, it's political. and the second issue is, i don't want our economy held hostage and run by washington, right now, the buffoons in congress have more power over the economy with the, you know, stupid idea. if we give them this type of power we've hurt ourselves, kick the power away as far as i'm concerned. >> isn't this a dangerous way to enforce fiscal discipline? shouldn't we be doing it because we have a budget and stick with it like most americans have to? >> well, we do have a budget, but the budgets aren't being passed. they're not being adopted. look, anything that keeps the focus on reducing debt and deficit in my mind is a good thing. getting rid of the debt limit is papering over the real uncertainty, which is american consumers, american investors don't know if and when washington will ever adopt a sensible fiscal policy. i wish we had it come up every month. >> gary b. basically steve is saying this eliminates some uncertainty and that would help. we see consumer confidence at lows again.
down but - -- >> t the debt ceiling isis a very teorary issue. what the bond rating agencies are focused on is that we ve gone to the point where we cannot come up with taxing ructure. we're getting into o the kinds of situations that italy is in. >> where are the specific prosals? >> i will givyou a propol if you want to be ththat way.. t's raise everybody's taxes. if you a goi to p the ququestionons to me, let me resespond but l's say we increase everybody's tataxes by 25%. everybody's taxes, that is it. you sll have an $800 billi deficit. it would likely shrink the ecomy so you're not would b be smaller. we're getting to the point -- we cannot tax ouray out. that is why we wilill be downgraded.. >> that is it for our roundtable. we will be back with some closing notes after the break. >> thank you for joining us. you have options on how to connect with "washington business report." twter, facebook, and youan find a streaeamingersi of the show on wjla.com. we hope to see you back again next sunday. thank you for joining us. ♪ ♪ ♪ ♪ [ multiple sounds making melodic
the debt ceiling. okay. set it back with a condition. okay democrats in the senate. you have not passed a budget in three years. the reason why the democrats have control of the senate is that harry reid has said democratic senators in the witness protection program with ever -- whenever budget issues come up. twenty democrats are up for eltion in 2014. half of them should not be coming back of the continue to vote with obama on tax and spend crazy debt policies which is what they have been doing. i think it is very important for the american people to see what the senate has not done and to force them to act but that. gerri: you sure can't act -- argue with that. the senate has not passed a budget and 1,361 days. let me get a comment. it would stop pay to members of congress if they don't do some of these things, if they don't get a budget resolution. you in favor of that? >> i think it's a good idea for two reasons. senators have not been doing democratic leaders have not been doing their job for a long time. they should not get paid. if they' not willing to do it, the senate should v
: but there are still deep divides, including an upcoming deadline over the debt ceiling which is the nation's borrowing limit. this week's top republicans offered a new plan that would increase the limit for three months and require congress to pass the budget within that time frame or else no pay. >> so we're saying is, we will extend the debt limit until the timeline where you have a budget, a road map. >> reporter: republicans are hoping that strategy will ultimately lead democrats to agree to deep spending cuts. officials close to the president say mr. obama is open to more cuts but insists he won't slash entitlements like medicare. >> ultimately we've got to do it in a balanced way. he's not going to do this on the backs of the poorest americans. >> reporter: the looming fiscal fight could overshadow some of the president's larger policy goals, like promoting gun safety in the wake of the newtown tragedy. this past week president obama unveiled a package of new proposals aimed at curbing gun violence. >> congress should impose a ban on military-style assault weapons. >> reporter: but its resistanc
will increase the debt ceiling on a short-term basis, but the senate has to pass a budget which it has not done in four years and if you don't do that then you don't get pay for congress. that has been criticized by democrats, but the issue here is where house republicans want to fight the administration on spending, and they want to force the president's hand for more spending and they have opportunities to do it, and the debt ceiling is one they don't want to fight over, and it's a bad result politically and economically for the country, and the sequestration, and they can tie some of the efforts to force the president's hand to cut spending to the other fights. >> the gop proposal that just came out calls for the house and senate to have some type of budget by mid april but doesn't include spending cuts, so can we view it as a concession on the republican's side. >> they don't want to get the blame for a potential default and what that would mean for the economy, and they would rather fight on things like shutting the governor down or automatic spending cuts going into effect, and they think
they want to come together and find some common ground and the debt ceiling might be one of them, but the republicans have some caveats to that and want to make sure that the senate democrats pass a budget. something they haven't done in the last four years and put some heat on the democrats right there. even as both sides are talking about coming together on some of this, there's going to be an edge to it as well. let's not forget the president is still dealing with high unemployment. and wants to focus on gun control, immigration reform and get those done in the second term and still got things left over from the first term. stubbornly high unemployment said he's going to cut the budget deficit in half that did not happen. stuff left over from the first term and second term stuff he wants to tackle and bitterness on both sides how the last four years played out and this weekend gives him a chance to maybe restart things. >> alisyn: and we're watching in washington, the attendees filter in from the vice-president vice-president's. >> and they were at mass ap they'll be using the
Search Results 0 to 16 of about 17 (some duplicates have been removed)

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